This is a 2 acre piece of land available for cattleman's lives Contact Owner Learn More Livestock/Cattle 5 Acres + 4 Horse Stalls In addition to the Texaco royalties, which were still significant (of 25 Lake Barre Field wells Texaco completed in 1964, 21 produced oil, two produced gas and only two were dry), LL&E had signed royalty agreements with Union Oil of California, Signal Oil, Amarada Hess, and Humble Oil and Refining. As LL&E expanded its exploration efforts (by 1974 it was . Supported by the Hunt family, which boasted a 12.3 percent block of LL&E stock, Caspary attacked LL&Es record since the mid-1970s, pointing to declining earnings, reduced dividends, falling reserves, and the copper acquisition. Our organization, he told Duns is the non-rigid, non-army type. These geospatial data and related maps or graphics are not legal documents and are not intended to be used as such. Explore the facts about . Search by state, county and hunting types. Steward used excess cash flowincluding $198 million from asset salesto repurchase nearly 2.6 million shares and reduce LL&Es total debt by one-third. And when we're finished we don't own the computer or have the people on our permanent payroll. Public Compan, Freeport-McMoRan Inc. The early 1960s proved very successful for LL&E. It also includes all legal gear privileges. As a result, LL&E enjoyed low expenses and high profits. At years end, he was able to salvage earnings of $76.3 million despite mining operations that sustained a pretax loss of $38 million. By 1964, non-royalty, working-interest or joint-venture income had increased to 45 percent of LL&Es total sales. These licenses are available at any Louisiana license vendor. For example, we don't hesitate to use consultants. State Operating Agreement Files. In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. During these years, LL&E did virtually no operating of its oil projects. Delta & Pine Land Co. v. Nationwide Agribusiness Ins., 530 F.3d 395, 398-99 (5th Cir. The Louisiana Purchase of 1803 introduced about 828,000,000 square miles of territory from France into the United States, thereby doubling the size of the young republic. We receive lots of emails from people who find their name or a relatives name on our site and want to know if this means they have some right to the land listed under that name. Wisner was struck by swampy southern Louisiana's resemblance to the low-lying Netherlands, where industrious farmers had reclaimed millions of acres for farming. In 1928 LL&E signed a contract with Texas Co. (now Texaco) in which that company agreed to lease all of LL&Es acreage around ten productive salt domes. Pick a style below, and copy the text for your bibliography. The Pearl is almost 900 acres of beautiful, hardwood river bottoms on $1,518,100 177 Acres Hunting Land for Sale St. Saint Francisville, LA West Feliciana Parish Land for sale in West Feliciana Parish, LA. v. Louisiana Land & Exploration Co., et al. The ventures finances faltered and in time there were foreclosures. Easy access, plenty of Deer. CNN A federal judge on Thursday invalidated a massive oil and gas lease sale for 80 million acres in the Gulf of Mexico after a coalition of environmental groups sued the Biden administration. In addition to Texaco, which was still its major leaseholder, LL&E secured royalty agreements with Phillips Petroleum Co., Stanolind Oil & Gas Co., Alder Oil Co., and Plymouth Oil Co., among others. NEW ORLEANS The Biden administration's suspension of new oil and gas leases on federal land and water was blocked Tuesday by a federal judge in Louisiana. In 1987 the company began to acquire newly opened low cost leases in the shallow waters of the Gulf of Mexico. Jan. 21, 2021 Updated 3:38 PM PT The Biden administration announced Thursday the suspension of new oil and gas leasing and drilling permits for U.S. lands and waters, effective for 60 days, as. In exchange for this, Texaco would retain one-half of the royalties and profits payable to LL&E up to the amount of $800,000. that subjected 275,625 additional acres to six years of exploration and development. Lifetime licenses are also available. All rights reserved For many years, ConocoPhillips has provided free land access, and in some cases earthen material, for critical flood control infrastructure including levees. Caspary's charges had some legitimacy. These temporary hunting licenses are available for Basic Hunting as well as other licenses or permits required in addition to the Basic Hunting License, such as Deer, Waterfowl, or Turkey. Founded as the Border Research company in 1926 and renamed Louisiana Land and Exploration a year later, LL&E, for its first twenty years, essentially collected royalties from fossil fuels extracted from nearly 600,000 acres it controlled in southern Louisiana. Graham worked hard to keep expenses down. Box 60350New Orleans, Louisiana 70160U.S.A. There are strips of timber that run through the property. It was a very unusual contract for 1928, LL&E president Ford Graham told Duns Review in 1965. During the 1950s, CEO Robert M. Youngs began investing in working interest wells. Before the Court is defendants BP Exploration & Production, Inc., BP . The X-Y coordinates of the Louisiana coastline, using the Louisiana plane coordinate system [NAD 1927], . That year the company also saw initial returns from both the tertiary recovery project at Jay Field and the "A" platform of the Brae Field in the North Sea. John G. Phillips, who ruled as Rex in 1983 and was the former CEO of Louisiana Land & Exploration Co., died Sept. 21. 189, commending LL&E for its many contributions to the preservation and restoration of the environment and natural resources of Louisiana, particularly the vast wetlands of the states coastal region. Deer Lease memberships available for the upcoming 2022-2023 deer season. In 1955 it reported $13.4 million in profits on sales of $22.4 million. gas exploration companies in the United States. Oil and Gas lease entities located near Louisiana Land & Exploration Co.. Seeking new profit sources and seeing links between fossil fuels and mineral extraction, Phillips laid out $51 million for the Copper Range Company in May 1977. THE LOUISIANA LAND AND EXPLORATION COMPANY LEASE. LandLeaseExchange.com provides polished, professional and turnkey access to a wide market. Box 60350 New Orleans, Louisiana 70160 U.S.A. (800) 351-1242 Fax: (504) 566-6891 Public Company Incorporated: 1926 as Border Research Corporation Sales: $825.3 million Employees: 763 Stock Exchanges: New York Toronto London Basel Geneva Zurich Wisner's plans, however, were thwarted by southern Louisiana's severe weather. The data and maps may not be used to determine title, ownership, legal descriptions or boundaries, legal jurisdiction, or restrictions that may be in place on either public or private land. Properties Operated by Louisiana Land & Exploration Co Recent Permits Filed by Louisiana Land & Exploration Co Company Contact Information These are the contact records we have for Louisiana Land & Exploration Co. Through its subsidiary, the Louisiana Land and Exploration Company LLC (LL&E), the company owns approximately 636,000 acres of predominantly marshland across eight parishes, spanning 120 miles east to west and 85 miles north to south. Due to higher prices for refined copper, the mining operation even turned a profit of $9.7 million in 1979. 2/25/03). It also includes all legal gear privileges. Telephone: (212) 997-8500 About Title VI The Plan, of which Title VI is a part, is sponsored by ConocoPhillips Company. July 1997: LL&E donated 1,630 acres of its surface interest on four barrier islands, East, Trinity (less 23 acres) Whisky and Racoon in the Isles Dernires (Last Islands) barrier island chain to the State of Louisiana in Terrebonne Parish to ensure that environmental benefits provided by the islands remain under state jurisdiction in perpetuity. (February 23, 2023). The real value of the partnership with ConocoPhillips is that we are collaborating to better understand restoration efforts, which has broad, long-term benefits. Louisiana Land & Exploration Co. oil and gas production between October 1984 and September 2013. New Orleans The Biden administration's suspension of new oil and gas leases on federal land and water was blocked Tuesday by a federal judge in Louisiana who ordered that plans continue for. If you lost your license, you can purchase a duplicate for $2 per license. Golden Meadow Marsh Creation Project Completed, ConocoPhillips Partners with the South Lafourche Levee District to Enhance Flood Protection, Collaboration for Conservation Our Partnership with Ducks Unlimited, Collaboration Our Partners in Restoration, ConocoPhillips Coastal Wetlands Director John Harrington, Brian Davis, Associate Professor, Mississippi State University Forest and Wildlife Research Center, Reports: Sustainability & Energy Transition. Forbes called Copper Range "a company so bad that some analysts wondered whether it was acquired to make Louisiana Land unattractive as a takeover candidate." As on previous occasions, LL&E's involvement was a financial one. The Louisiana Land and Exploration Company LLC Overview. "Our organization," he told Dun's "is the non-rigid, non-army type. Bureau of Land Management. BOX 51810 MIDLAND, TX 79710 Production Dates on File: January 1980 to August 2000 102 Total Wells Map of Wells Associated with Louisiana Land & Exploration Co Production By Month For Louisiana Land & Exploration Co 850 So.2d 686 (La. Construction began on a new catalytic reformer that would provide more highly valued refined products. This courtroom setback has forced the Gulf of. The Copper Range acquisition did not please the financial community. In 1964 the company reported profits of $32.1 million on sales of $64.1 million. The data are dynamic and may change over time. I also appreciated the flexibility and freedom this type of venue could provide to those seeking an authentic experience at a working ranch. Published by at February 16, 2022. Of the company's 225 million barrels of oil equivalent reserves . Steward used excess cash flow--including $198 million from asset sales&mdash repurchase nearly 2.6 million shares and reduce LL&E's total debt by one-third. During the early 1980s, lackluster exploration results and fluctuating prices destabilized the company's finances and forced it to sell its non-oil and gas efforts and concentrate on finding new low-cost reserves. Dallas, Texas 75201-3391 Key Dates: 1900: Chester Congdon and partners buy land in St. Mary Parish, Louisiana. Duex Chene's property is home to various duck species, and guided hunts are possible. In 1984 Phillips was replaced by E. L. Williamson, who worked to sustain profit margins and increase reserves. The following rules and regulations concerning the management, protection and harvest of wildlife have been officially approved and adopted by the Louisiana Wildlife and Fisheries Commission in accordance with the authority provided in Louisiana Revised Statutes of 1950, Section 109 of Title . [3] In 1999, the company acquired Poco Petroleums, gaining properties in the Western Canadian Sedimentary Basin. No person born on or after September 1, 1969, shall hunt unsupervised unless that person has been issued a certificate of satisfactory completion of a Hunter Education course approved by LDWF. In 1975 the company opened a small refinery in Mobile, Alabama, to process 30,000 barrels a day of Jay Field crude. Of the company's 225 million barrels of oil equivalent reserves, nearly 60 percent are garnered from domestic sources. For a busy landowner and rancher this was the perfect opportunity for me to advertise the Event Barn and Escondido Ranch. Lessees were required to take actions to prevent wetlands losses. Timber companies are a great place to start and many have websites with searchable lists. Fax: (713) 296-6496 In 1988 crude prices fell by more than $3 a barrel and newly named CEO and chairman H. Leyton Steward was forced to take an $81.8 million restructuring charge and a $33.3 million loss. The normal royalty was one-eighth (12 percent). At year's end, he was able to salvage earnings of $76.3 million despite mining operations that sustained a pretax loss of $38 million. In the early 1980s, industry economics changed LL&Es fortunes. Construction began on a new catalytic reformer that would provide more highly valued refined products. We are a longstanding collaborator with public and nonprofit entities on projects designed to protect and restore Louisianas coast. And profit sharing on top of the royalty was unheard of.. In 1986 Williamson rid LL&E of the Copper Range Company--taking a $91 million charge in the process. A 1915 hurricane destroyed many of the levees that Wisner had constructed. Detailed descriptions of properties available for exploration can be obtained by contacting Rathborne Vice President Gregory C. Lier at (504) 368-6355 or by e-mail. Questions concerning Offshore lands and water bottoms should be directed to the State Land Office, Division of Administration, (225) 342-4578. The magazine went on to comment that LL&E's finding and developing costs were among the industry's highest and noted that the company had closed its Michigan copper mine after completing work on a $78 million dollar copper smelter. LDWF's Oyster Lease Section works with the Louisiana Office of State Lands, Coastal Protection and Restoration Authority, and leaseholders to manage leases and collect annual payments on leases. Responding to these problems, Phillips curtailed and then suspended copper mining, reduced staff, eliminated high-risk exploration ventures, cut back on capital expenditures, and in November reduced the cash dividend. Through a variety of contracts, we support recreational and commercial activities such as fishing, oyster harvesting and hunting activities. The gulf area states of Louisiana, Mississippi and Alabama have fairly reasonable lease rates. Your Gateway To Private Land Use And Enjoyment, Special Event, Corporate Retreats, Religious Retreats. Copyright (c) 2022 Company-Histories.com. The companys troubles climaxed the following year as investor Dlo Caspary mounted a proxy fight to remove Phillips and the rest of management. The Louisiana Land and Exploration Company (LL&E) is one of the largest independent oil and gas exploration companies in the United States. Yet today, the government held a lease sale for more than 80 million acres in the Gulf of Mexico for oil and gas development. In southeast Louisiana, hunting, trapping and fishing are time-honored occupations for many residents. Annotate this Case Justia Opinion Summary Vermilion Parish School Board ("VPSB") filed suit in 2004, alleging oil and gas operations conducted pursuant to a 1935 mineral lease and a 1994 surface lease damaged Section 16 land. The Louisiana Land and Exploration Company (LL&E) is one of the largest independent oil and gas exploration companies in the United States. However, the date of retrieval is often important. The company had few employees and operators shouldered the major expenses of exploration and development.